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The following beginning and ending balances were drawn from the records of Allen Company Equipment begining 350,000 ending 275,000. Accumulated Depreciation Begining 175,000 Ending 100,000. If Allen Company sold equipment that had an original cost of $175

If Allen Company sold equipment that had an original cost of $175,000 and accumulated depreciation of $75,000 for $62,500, how much did Allen pay for new equipment?

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The following beginning and ending balances were drawn from the records of Allen Company Equipment begining 350,000 ending 275,000. Accumulated Depreciation Begining 175,000 Ending 100,000. If Allen Company sold equipment that had an original cost of $175
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